Business Wire India
As you set your intentions for personal development in the New Year, why not pledge to make 2020 the year you work on your wealth too? Arguably, investing your money is one of the most efficient ways to do so, and herein lies your first task: picking an instrument. Based on your risk appetite, selecting one to invest in can be tricky, but a smart route to take is to choose a safe, high-yielding vehicle. The Bajaj Finance Fixed Deposit is one such offering, especially because it offers a competitive rate of interest and a flexible tenor too.
 
To know more, here are 4 reasons why Fixed Deposit offered by Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv, is a top investment option in 2020:
 
Earn exponentially with generous fixed deposit interest rates
A key factor that makes this FD worth investing in is that you enjoy some of the best interest rates in the market. As a new customer, you get interest up to 8.10%, while senior citizens get rates of up to 8.35% on FDs booked for at least 36 months, with interest payable at maturity. A rich yield over a tenor of 12 to 60 months can help you meet both your short- and long-term goals with ease. For a more detailed understanding of your potential earnings, consider the following tables.
 
New Customer
 

Initial deposit (in Rs.)	Interest rate	Tenor	Interest earned (in Rs.)	Maturity Amount (in Rs.)	Growth of capital
5,00,000	8.10%	5 years	2,38,072	7,38,072	47.61%
15,00,000	8.10%	5 years	7,14,215	22,14,215	47.61%
20,00,000	8.10%	5 years	9,52,286	29,52,286	47.61%

 
Senior Citizen
 

Initial deposit (in Rs.)	Interest rate	Tenor	Interest earned (in Rs.)	Maturity Amount (in Rs.)	Growth of capital
5,00,000	8.35%	5 years	2,46,646	7,46,646	49.33%
15,00,000	8.35%	5 years	7,39,937	22,39,937	49.33%
20,00,000	8.35%	5 years	9,86,583	29,86,583	49.33%

 
Invest with ease owing to the low minimum deposit value
With this FD, you don’t have to build a large corpus to begin investing. You can book an FD using just Rs.25,000 and start your journey right away. By investing as soon as possible, you can maximise your returns as you stay invested for longer. Over time, you can increase the principal amount for even better yields.
 
Enjoy  guarantee returns through high credibility and stability ratings
Safety is an important parameter when it comes to your investment experience. Needless to say, your priority will be to secure a default-free experience for your finances, and this FD has ratings that ensure this. The Bajaj Finance FD has both ICRA’s ‘MAAA’ and CRISIL’s ‘FAAA’ ratings. Additionally, it is the only Indian NBFC to have an international ‘BBB’ rating from S&P Global.
 
Stay invested effortlessly and enjoy enhanced yields
Another factor that makes this FD a top investment option for 2020 is that you can opt in for the Auto-Renewal facility when you invest. This allows you to reinvest at maturity without manual intervention and also awards you with an FD renewal bonus. Currently, you get an additional 0.10% on the base rate offered, so that you can grow your wealth even quicker. Similarly, the Multi-Deposit facility allows you to ladder your FDs, by opening several deposits using a single cheque.
 
All of the above-mentioned pointers highlight how that an FD adds immense value to the investment experience and aids in wealth generation, making it a top choice for 2020. Thankfully, Bajaj Finance also has a simple online application process and to get started right away in a hassle-free manner, all you have to do is fill the online application form and book a call with an authorised Bajaj Finance representative.
Source: Businesswire